# Bulwark Capital Corp

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2075899. Source: https://holderbook.com/funds/2075899-bulwark-capital-corp/

- Reported value: $177.7M
- Positions: 105
- Weight of the ten largest: 60.0%
- Filed: 2026-07-06

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| PGIM ETF TR | [PULS](https://holderbook.com/stocks/PULS/) | $19.2M | 386,677 | 10.8% | 5 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $18.9M | 51,209 | 10.7% | 5 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $12.2M | 16,326 | 6.9% | 5 |
| J P MORGAN EXCHANGE TRADED F | [JPLD](https://holderbook.com/stocks/JPLD/) | $10.3M | 196,887 | 5.8% | 5 |
| SCHWAB STRATEGIC TR | [SCHR](https://holderbook.com/stocks/SCHR/) | $8.9M | 360,679 | 5.0% | 5 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $8.9M | 334,258 | 5.0% | 5 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $8.5M | 169,013 | 4.8% | 5 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $7.0M | 58,384 | 3.9% | 5 |
| ANGEL OAK FUNDS TRUST | [UYLD](https://holderbook.com/stocks/UYLD/) | $6.5M | 127,917 | 3.7% | 5 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $6.3M | 62,897 | 3.6% | 5 |
| BLACKROCK ETF TRUST II | [CLOA](https://holderbook.com/stocks/CLOA/) | $5.1M | 98,567 | 2.9% | 5 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $4.9M | 99,978 | 2.8% | 5 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $4.8M | 94,428 | 2.7% | 5 |
| BONDBLOXX ETF TRUST | [XHLF](https://holderbook.com/stocks/XHLF/) | $4.8M | 94,661 | 2.7% | 5 |
| ISHARES TR | [IUSG](https://holderbook.com/stocks/IUSG/) | $3.9M | 20,845 | 2.2% | 5 |
| INVESCO EXCHANGE TRADED FD T | [XLG](https://holderbook.com/stocks/XLG/) | $3.9M | 63,937 | 2.2% | 5 |
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $3.4M | 66,863 | 1.9% | 5 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $3.0M | 63,273 | 1.7% | 5 |
| CAPITAL GROUP CONSERVATIVE E | [CGCV](https://holderbook.com/stocks/CGCV/) | $2.8M | 83,884 | 1.5% | 5 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.6M | 3,542 | 1.5% | 5 |
| INVESCO EXCH TRADED FD TR II | [TBLL](https://holderbook.com/stocks/TBLL/) | $2.3M | 21,364 | 1.3% | 5 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $2.0M | 63,961 | 1.1% | 5 |
| JANUS DETROIT STR TR | [JMBS](https://holderbook.com/stocks/JMBS/) | $1.9M | 41,961 | 1.1% | 5 |
| CAPITAL GROUP INTL FOCUS EQT | [CGXU](https://holderbook.com/stocks/CGXU/) | $1.8M | 51,681 | 1.0% | 5 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $1.5M | 6,485 | 0.9% | 5 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $1.4M | 26,567 | 0.8% | 1 |
| BONDBLOXX ETF TRUST | [XONE](https://holderbook.com/stocks/XONE/) | $1.3M | 26,824 | 0.7% | 2 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $1.3M | 37,571 | 0.7% | 5 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $1.1M | 10,941 | 0.6% | 5 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $987.9K | 18,724 | 0.6% | 5 |
| VANGUARD WORLD FD | [VCR](https://holderbook.com/stocks/VCR/) | $969.7K | 2,445 | 0.5% | 5 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $957.5K | 18,757 | 0.5% | 1 |
| WISDOMTREE TR | [DGRW](https://holderbook.com/stocks/DGRW/) | $941.5K | 9,846 | 0.5% | 5 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $866.2K | 5,481 | 0.5% | 5 |
| ISHARES INC | [ACWV](https://holderbook.com/stocks/ACWV/) | $863.5K | 7,182 | 0.5% | 2 |
| VANGUARD INSTL INDEX FD | [VBIL](https://holderbook.com/stocks/VBIL/) | $817.0K | 10,795 | 0.5% | 1 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $784.9K | 2,591 | 0.4% | 5 |
| DIMENSIONAL ETF TRUST | [DEXC](https://holderbook.com/stocks/DEXC/) | $737.0K | 8,921 | 0.4% | 3 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $733.4K | 13,680 | 0.4% | 5 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $687.2K | 22,898 | 0.4% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $607.7K | 2,100 | 0.3% | 5 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $603.1K | 2,017 | 0.3% | 5 |
| EA SERIES TRUST | [FRDM](https://holderbook.com/stocks/FRDM/) | $591.4K | 8,113 | 0.3% | 4 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $520.5K | 2,810 | 0.3% | 5 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $484.6K | 6,132 | 0.3% | 5 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $482.5K | 646 | 0.3% | 5 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $316.3K | 3,275 | 0.2% | 5 |
| ALPS ETF TR | [ENFR](https://holderbook.com/stocks/ENFR/) | $314.5K | 8,255 | 0.2% | 4 |
| VANGUARD BD INDEX FDS | [VUSB](https://holderbook.com/stocks/VUSB/) | $313.2K | 6,292 | 0.2% | 5 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $291.9K | 9,204 | 0.2% | 5 |
| ISHARES TR | [IHAK](https://holderbook.com/stocks/IHAK/) | $248.0K | 4,085 | 0.1% | 5 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $223.5K | 6,679 | 0.1% | 5 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $205.3K | 2,471 | 0.1% | 5 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $191.5K | 2,411 | 0.1% | 5 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $184.8K | 970 | 0.1% | 5 |
| SPROTT ASSET MANAGEMENT LP | [CEF](https://holderbook.com/stocks/CEF/) | $160.4K | 3,987 | 0.1% | 5 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $147.1K | 607 | 0.1% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $147.0K | 394 | 0.1% | 5 |
| SPROTT ASSET MANAGEMENT LP | [PHYS](https://holderbook.com/stocks/PHYS/) | $144.3K | 4,782 | 0.1% | 2 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $143.6K | 1,044 | 0.1% | 5 |
| JANUS DETROIT STR TR | [JABS](https://holderbook.com/stocks/JABS/) | $140.1K | 2,806 | 0.1% | 2 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $134.6K | 196 | 0.1% | 5 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $119.7K | 4,960 | 0.1% | 5 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $114.4K | 1,605 | 0.1% | 5 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $98.9K | 2,683 | 0.1% | 5 |
| FIDELITY COVINGTON TRUST | [FFSM](https://holderbook.com/stocks/FFSM/) | $96.9K | 2,535 | 0.1% | 5 |
| BONDBLOXX ETF TRUST | [PCMM](https://holderbook.com/stocks/PCMM/) | $74.3K | 1,489 | 0.0% | 4 |
| INVENTRUST PPTYS CORP | [IVT](https://holderbook.com/stocks/IVT/) | $73.9K | 2,088 | 0.0% | 5 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $61.8K | 816 | 0.0% | 5 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $60.9K | 846 | 0.0% | 5 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $57.3K | 317 | 0.0% | 5 |
| SPROTT ASSET MANAGEMENT LP | [PSLV](https://holderbook.com/stocks/PSLV/) | $55.3K | 2,930 | 0.0% | 5 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $49.7K | 833 | 0.0% | 5 |
| KRATOS DEFENSE & SEC SOLUTIO | [KTOS](https://holderbook.com/stocks/KTOS/) | $43.5K | 873 | 0.0% | 1 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $40.3K | 272 | 0.0% | 5 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $38.4K | 1,306 | 0.0% | 5 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $34.9K | 220 | 0.0% | 5 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $33.7K | 300 | 0.0% | 5 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $28.4K | 43 | 0.0% | 5 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $24.9K | 589 | 0.0% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $23.8K | 100 | 0.0% | 5 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $23.5K | 63 | 0.0% | 5 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $23.4K | 25 | 0.0% | 5 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $22.9K | 48 | 0.0% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $21.1K | 59 | 0.0% | 5 |
| BLACKROCK ETF TRUST II | [SECU](https://holderbook.com/stocks/SECU/) | $20.2K | 405 | 0.0% | 1 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $17.6K | 15 | 0.0% | 5 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $16.3K | 151 | 0.0% | 1 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $15.9K | 8 | 0.0% | 4 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $13.1K | 119 | 0.0% | 5 |
| PRINCIPAL FINANCIAL GROUP IN | [PFG](https://holderbook.com/stocks/PFG/) | $10.8K | 100 | 0.0% | 1 |
| JANUS DETROIT STR TR | [JA](https://holderbook.com/stocks/JA/) | $10.0K | 200 | 0.0% | 1 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $8.9K | 267 | 0.0% | 5 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $8.3K | 53 | 0.0% | 4 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $8.0K | 40 | 0.0% | 5 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $6.2K | 72 | 0.0% | 5 |
| NOVAVAX INC | [NVAX](https://holderbook.com/stocks/NVAX/) | $5.7K | 610 | 0.0% | 5 |
| ISHARES TR | [IAK](https://holderbook.com/stocks/IAK/) | $5.5K | 39 | 0.0% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $4.1K | 25 | 0.0% | 5 |
| SPDR SERIES TRUST | [XSD](https://holderbook.com/stocks/XSD/) | $3.7K | 6 | 0.0% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +6.7% | +14.8% | -8.2% | 100% |
| Q1 2026 | -1.8% | -4.6% | +2.9% | 100% |
| Q4 2025 | +0.9% | +2.4% | -1.5% | 100% |
| Q3 2025 | +4.3% | +7.8% | -3.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $177.7M | 105 |
| Q1 2026 | $162.2M | 100 |
| Q4 2025 | $140.6M | 96 |
| Q3 2025 | $128.6M | 101 |
| Q2 2025 | $118.7M | 95 |